Monday, March 28, 2011

Expect bullish silver industrial demand through 2015

A report released today by the Silver Institute forecasts a healthy
outlook for global silver industrial demand, the largest component of
annual silver fabrication demand. The report states that industrial uses
of silver should rise sharply over the next five years to 666 million
troy ounces (Moz) by 2015, representing 60 percent of total fabrication
demand that year – a 36 percent increase over 2010’s figure of 487 Moz.


The report, The Future of Silver Industrial Demand, was produced
by the leading precious metals consultancy, GFMS Ltd, on behalf of the
Silver Institute. The report assesses the future prospect of total
silver industrial demand over the next five years, and where sector
growth opportunities are likely to emerge. The report underscores
silver’s unique characteristics that make it the metal of choice for a
wide range of established industrial uses, particularly in electronics
and thermal applications.


The report also focuses on many new uses that rely on silver’s
antibacterial qualities, where the incorporation of silver makes the
difference between an ordinary product and a unique one. Noteworthy in
the report is the potential market impact of 11 recent applications that
incorporate silver. These uses which range from food packaging to radio
frequency identification tags to autocatalysts, taken together could
exceed 40 Moz of industrial demand by 2015.


Key findings from the report:


Read more: 
http://www.silverinstitute.org/images/stories/silver/PDF/futuresilverindustrialdemand.pdf

1 comment:

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